Last week, at the Seibu Department Store in Tokyo, Tomy Toys, a toy company from Japan unveiled a diamond doll.

The specially produced doll with the name “Licca–chan” (The Licca-chan doll is a widely popular Japanese version of the Barbie doll) comes clad in a tiara and gown studded with 881 diamonds, a total of 51.4 karat.

This diamond doll was part of an exhibition called “Girlish Culture” geared toward what they describe as, “happy adult by fashion”.

Cate Adair, the Emmy-nominated and award-winning costume designer for Desperate Housewives, has collaborated with Kwiat, the 101-year old luxury jewelry and diamond company, to create the ultimate accessory, the “Platinum Clutch.”

The one-of-a-kind purse, valued at more than $500,000 debut at the Platinum Guild International (PGI-USA) Annual Emmy Awards Red Carpet Jewelry Preview that took place September 18-20, in Beverly Hills.

The bag features genuine pure Platinum design elements set with 60 carats of Kwiat diamonds, in honor of the 60th Annual Primetime Emmy Awards.

Another large diamond has been found at the Letseng mine in Lesotho, a small kingdom in South Africa.

The stone weighs 478 carats and is the 20th largest rough diamond ever found and it may become the largest ever polished round diamond.

Another similar sized rough stone from the same mine was recently valued at $12million. But the clarity and round shape of the new gem mean it could be worth considerably more and in its polished state could sell for tens of millions of dollars.

Graff’s Lesotho Promise necklace was designed from the 603 carat Lesotho Promise diamond stone, the 15th largest rough diamond ever recovered, found in the Letsenf diamond mine in the African country of Lesotho.

It was sold to Graff and its partner polishing company Safdico for $12.36 million in October last year.

Graff who cut the diamond into twenty six smaller diamonds ranging from .52 carats to the impressive 76.41 carat pear shaped at the tip of the necklace.

The world’s most expensive tie was created by designer Satya Paul for the Suashish Diamond group and displayed by Salman Khan at the 2004 Mumbai fashion show “Cultural Ties”

The expensive tie is studded with 261 diamonds of 77 carat each. It is also studded with 150 grams of gold. Made of pure silk, the tie is estimated to cost a whopping Rs 1 crore (over $220,000).

Goldstriker sent yesterday “exclusive” preview image of their coming soon version of the iPhone 3G to the most influent bloggers.

The 24 carat gold 3G iPhone is expected to launch in July, and will start from $800 for the 8gb gold edition and rise to £1,000 ($2,000) for the 24ct gold & diamond edition.

The Apple Logo will house 53 cut bright white diamonds totaling 0,36 carat in weight.